Show Failure of Louis Franks Co NEW YORK April 17A big failure in the silk trade today was that of Louis Franks A Co raw silk importers who are also manufacturers manufac-turers of silk at Paterson N J The liabilities liabili-ties are said to be upwards of nine hundred I thousand dollars with nominal assets of 1200000 Tho causes assigned for the embarrassment embar-rassment were inability to raise money to meet maturing obligations stringency or the money market stoppage of accommodations by banks and losses oy recent failures in Paterson I is ad the firm lost in all the recent silk trade failircs that they had been carrying a great many small concerns who do not pay promptly and find difficulty in making collec tions Their outstanding g accounts are large and they were liberal in credits They generally gener-ally carried a stock of about half a million dol lars Much sympatby is expressed and it is hoped they will get an extension |